FHA closing cost calculator Maryland

Maryland
home buyers can easily estimate the monthly FHA mortgage payment with
insurance, taxes and the monthly mortgage fee. Enter the sales price,
Maryland County, interest rate, down payment percentage and the Maryland
calculator will calculate the FHA mortgage amount and monthly loan payment.
The Maryland calculator will also estimate the jumbo FHA loan amount
for the high limit MD counties. FHA home loans are a great way to purchase
a home. The down payment is only 3.5% and the home seller is permitted
to pay a large percentage of the buyer's settlement costs. Learn
more about FHA Home Loans. Last updated
2/2018

Maryland FHA Loan &
Funding Fee Calculator

Maryland County

Number of Living Units

1.

Sales Price

2.

Down Payment =

3.

Term

4.

FHA Maximum Mortgage Amount

5.

Base Mortgage Amount

6.

FHA Funding Fee (UFMIP)+

7.

Mortgage Amount (Final)=

Monthly Mortgage Payment

8.

Principal & Interest

9.

Annual Real Estate Taxes

10.

Annual Homeowners Insurance

11.

Other

12.

FHA MIP =

13.

MONTHLY MORTGAGE PAYMENT
=

Based on January 9, 2015
change

Monthly Mortgage Insurance
(MIP) Calculation

Loan Term greater than
15 years (i.e 30 years)

Base Loan Amount

LTV

Effective

Annual MIP

≤ $625,500

≤ 95.00%

1/26/2015

0.80%

≤ $625,500

> 95.00%

1/26/2015

0.85%

> $625,500

≤ 95.00%

1/26/2015

1.00%

> $625,500

> 95.00%

1/26/2015

1.05%

Loan term less than or
equal to 15 Years with loan to value above 78%

Base Loan Amount

LTV

Effective

Annual MIP

Any loan amount

< 78.00%

6/3/2013

0.45%

≤ $625,500

78.01% - 90.00%

4/1/2013

0.45%

≤ $625,500

> 90.00%

4/1/2013

0.70%

> $625,500

78.01% - 90.00%

4/1/2013

0.70%

> $625,500

> 90.00%

4/1/2013

0.95%

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The calculators and information contained herein are made available to
you as a self-help tool for illustrative use only. Examples are hypothetical.
We can not and do not guarantee the applicability or accuracy in regards
to your individual circumstances. I encourage you to seek personalized advice
from qualified professionals.